Ft Investigations

In May last year Hanergy, a little known Chinese solar energy company, was worth almost $40bn, at least on paper. But in one brutal half hour of trading in Hong Kong, its shares came crashing down. FT reporters Miles Johnson, Lucy Hornby and Cynthia O'Murchu investigate the trail of debt that led to its spectacular decline. Music by David Sappa  See acast.com/privacy for privacy and opt-out information.